Project Grant 241TA064729G

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to Uark Federal Credit Union on November 21, 2024. The grant's purpose is to promote economic revitalization and community development by building the organizational capacity of certified and emerging CDFIs through technical assistance. The funding will support Uark Federal Credit Union's efforts to expand access to affordable financial products, create jobs, build businesses, and foster economic self-determination in underserved communities, with a focus on low-income, Native American, and economically disadvantaged populations. The grant's eligible activities include compensation for personal services and fringe benefits, professional service costs, travel, training, equipment, supplies, and incorporation costs. This award is part of the CFDA 21.020 CDFI Program, which aims to invest in and build the capacity of CDFIs to drive community revitalization across the United States.